After 9/11, the U.S. Department of Housing and Urban Development gave $3 billion in grants to the Lower Manhattan Development Corp. to redevelop lower Manhattan. A portion of what remains is the $100 million that was to go towards the Performing Arts Center, but those involved in the project worry that disputes between LMDC and the Port Authority, who controls the land on which the Center will be built, are giving the impression that the work to revitalize the area is complete. — 6sqft
After nearly 13 years of delays, the Performing Arts Center at the World Trade Center (PACWTC) is facing yet another setback due to unresolved issues between the Lower Manhattan Development Corporation and the Port Authority, which could ultimately cost the $243 million project, more than $100 million in federal funding.
No Comments
Block this user
Are you sure you want to block this user and hide all related comments throughout the site?
Archinect
This is your first comment on Archinect. Your comment will be visible once approved.